Arribatec Group ASA

Regulatory Filings • Jul 12, 2021

AARIBATECH: QUALISOFT AWARDED MULTIPLE ARR CONTRACTS

AARIBATECH: QUALISOFT AWARDED MULTIPLE ARR CONTRACTS

(Oslo, Norway, 12 July 2021) Arribatec Group ASA (OSE: ARR, Arribatec) today announced the award of NOK 35 million in Enterprise Architecture (EA) and Business Process Management (BPM) contracts to subsidiary Qualisoft AS including an ARR of NOK 4 million (yearly).

“Qualisoft continue to impress me with their strong domain competence and dedication to deliver best-in-class solutions. We are taking a leading position within the EA and BPM in the high-end part of the market and are committed to invest further and take this successful offering internationally,” says Per Ronny Stav, CEO of Arribatec.

Qualisoft AS has recently been awarded several new and strategically important contracts with a total value of NOK 35 million, including annual recurring revenues, ARR, of NOK 4 million. The largest contract is for 7 years with one of the largest IT companies in the Nordics. The other contracts are with tier-1 bank and oil and gas customers.

ENDS

For additional information, please contact:

Per Ronny Stav, CEO, Arribatec Group ASA: +47 994 42 378

Geir Johansen, CFO, Arribatec Group ASA: +47 4771 0451

About Group ASA | www.arribatec.com

Arribatec is a software and consulting company headquartered in Oslo. With a customer centric engagement model, combined with a deep system, integration and domain competence, Arribatec builds long term strategic partnership with a broad customer base. Arribatec serves more than 900 large entities spread over 25 countries and various industries, both in the private and public sector. The company employs over 350 people, taken announced acquisition into account, with offices in 18 countries and is listed on the Oslo Stock Exchange under the ticker code ARR.